Heidelberger Druckmaschinen AG / Key word(s): Bond 10.12.2013 08:41 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN, AUSTRALIA OR ANY JURISDICTION IN WHICH SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE PROHIBITED BY APPLICABLE LAW Heidelberg improves financing structure: extension of syndicated credit line ahead of term - increase via tap on existing High Yield Bond * Heidelberg extends its syndicated credit line ahead of term until June 2017 and simultaneously reduces the amount of the line of credit * EUR 50 million increase via tap on existing 9.25 percent High Yield Bond due 2018 Heidelberger Druckmaschinen AG (Heidelberg) has further optimized its financing structure by extending its existing syndicated credit line ahead of term. Additionally, Heidelberg announced today that it will make an offering of EUR 50 million aggregate principal amount of its existing 9.25 percent bond due 2018, which constitute a further issuance of, and will form a single class with, Heidelberg's existing 9.25 percent bond due 2018. As the existing High Yield Bond, the additional High Yield Bond will mature on April 15, 2018. The net proceeds from the additional High Yield Bond offering, if completed, are expected to be used for general corporate purposes. The syndicated credit line arranged in 2011 was extended with the existing consortium at an early stage until mid-2017, thereby aiming to finance Heidelberg's operational activities and the resulting fluctuating capital requirements. In addition, the credit line will be available for investments in growth. The syndicated credit line totaling EUR 390 million available to Heidelberg will be reduced by an amount equal to the net proceeds from the planned additional High Yield Bond offering to approximately EUR 340 million. It was agreed together with the banking consortium that the syndicated credit line will be further reduced to approximately EUR 277 million on December 31, 2014. By offering the additional High Yield Bond via a tap on the existing High Yield Bond, Heidelberg is taking advantage of the favorable capital market environment for financing the company. The additional High Yield Bond will be offered exclusively to qualified institutional investors; the minimum investment amount is EUR 100,000 per investor. By extending the syndicated credit line, Heidelberg has further improved its financing structure with regard to the maturity profile. In the future, Heidelberg's financing framework will basically consist of the syndicated credit line with a maturity until mid-2017, the convertible bond amounting to EUR 60 million with a term ending mid-2017, and the High Yield Bond then totaling EUR 354 million with a maturity until April 2018. Thus, Heidelberg has arranged an adequate financial framework for its business development and offers a diversified financing structure. This publication constitutes neither an offer to sell nor a solicitation to buy or subscribe to securities. The information contained herein is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions of any State of the United States of America or of the District of Columbia) and must not be distributed to U.S. persons (as defined in Regulation S of the U.S. Securities Act of 1933, as amended ('Securities Act')) or publications with a general circulation in the United States of America. This publication is not an offer of securities for sale in the United States of America. The securities have not been and will not be registered under the Securities Act and may not be offered or sold in the United States of America absent registration or an exemption from registration under the Securities Act, as amended. The Issuer does not intend to register any portion of the offering in the United States of America or to conduct a public offering of the securities in the United States of America. This publication is not an offer of securities for sale in the United Kingdom, Canada, Japan or Australia. Important note: This press release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the macro-economic situation, in the exchange rates, in the interest rates and in the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft gives no warranty and does not assume liability for any damages in case the future development and the projected results do not correspond with the forward-looking statements contained in this press release. Contact: Heidelberger Druckmaschinen AG Corporate Public Relations Thomas Fichtl Phone: +49 (0)6221 92 5900 Mobile: +49 (0)173 318 69 47 Fax: +49 (0)6221 92 5088 E-Mail: [email protected] Investor Relations Robin Karpp Phone: +49 (0)6221- 92 6020 Fax: +49 (0)6221- 92 5189 E-mail: [email protected] --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN, AUSTRALIA OR ANY JURISDICTION IN WHICH SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE PROHIBITED BY APPLICABLE LAW Heidelberg improves financing structure: extension of syndicated credit line ahead of term - increase via tap on existing High Yield Bond * Heidelberg extends its syndicated credit line ahead of term until June 2017 and simultaneously reduces the amount of the line of credit * EUR 50 million increase via tap on existing 9.25 percent High Yield Bond due 2018 Heidelberger Druckmaschinen AG (Heidelberg) has further optimized its financing structure by extending its existing syndicated credit line ahead of term. Additionally, Heidelberg announced today that it will make an offering of EUR 50 million aggregate principal amount of its existing 9.25 percent bond due 2018, which constitute a further issuance of, and will form a single class with, Heidelberg's existing 9.25 percent bond due 2018. As the existing High Yield Bond, the additional High Yield Bond will mature on April 15, 2018. The net proceeds from the additional High Yield Bond offering, if completed, are expected to be used for general corporate purposes. The syndicated credit line arranged in 2011 was extended with the existing consortium at an early stage until mid-2017, thereby aiming to finance Heidelberg's operational activities and the resulting fluctuating capital requirements. In addition, the credit line will be available for investments in growth. The syndicated credit line totaling EUR 390 million available to Heidelberg will be reduced by an amount equal to the net proceeds from the planned additional High Yield Bond offering to approximately EUR 340 million. It was agreed together with the banking consortium that the syndicated credit line will be further reduced to approximately EUR 277 million on December 31, 2014. By offering the additional High Yield Bond via a tap on the existing High Yield Bond, Heidelberg is taking advantage of the favorable capital market environment for financing the company. The additional High Yield Bond will be offered exclusively to qualified institutional investors; the minimum investment amount is EUR 100,000 per investor. 'With the early refinancing of our credit lines and the simultaneous tap on our existing bond, we will optimize our financing structure by further extending maturities until 2017 and 2018. By means of our successful asset and net working capital management, we aim to further reduce our financing framework in the medium-term,' CFO Dirk Kaliebe explains. 'We consider the refinancing arrangements concluded at this early stage a clear mark of confidence by the banks in our company,' says Gerold Linzbach, Heidelberg's CEO. By extending the syndicated credit line, Heidelberg has further improved its financing structure with regard to the maturity profile. In the future, Heidelberg's financing framework will basically consist of the syndicated credit line with a maturity until mid-2017, the convertible bond amounting to EUR 60 million with a term ending mid-2017, and the High Yield Bond then totaling EUR 354 million with a maturity until April 2018. Thus, Heidelberg has arranged an adequate financial framework for its business development and offers a diversified financing structure. This publication constitutes neither an offer to sell nor a solicitation to buy or subscribe to securities. The information contained herein is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions of any State of the United States of America or of the District of Columbia) and must not be distributed to U.S. persons (as defined in Regulation S of the U.S. Securities Act of 1933, as amended ('Securities Act')) or publications with a general circulation in the United States of America. This publication is not an offer of securities for sale in the United States of America. The securities have not been and will not be registered under the Securities Act and may not be offered or sold in the United States of America absent registration or an exemption from registration under the securities Act, as amended. The Issuer does not intend to register any portion of the offering in the United States of America or to conduct a public offering of the securities in the United States of America. This publication is not an offer of securities for sale in the United Kingdom, Canada, Japan or Australia. Important note: This press release contains forward-looking statements based on assumptions and estimations by the Management Board of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the Management Board is of the opinion that those assumptions and estimations are realistic, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the macro-economic situation, in the exchange rates, in the interest rates and in the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft gives no warranty and does not assume liability for any damages in case the future development and the projected results do not correspond with the forward-looking statements contained in this press release. For further information, please contact: Heidelberger Druckmaschinen AG Corporate Public Relations Thomas Fichtl Phone: +49 6221 92-5900 Fax: +49 6221 92-5088 E-mail: [email protected] Investor Relations Robin Karpp Phone: +49 (0)6221- 92 6020 Fax: +49 (0)6221- 92 5189 E-mail: [email protected] 10.12.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Heidelberger Druckmaschinen AG Kurfürsten-Anlage 52-60 69115 Heidelberg Germany Phone: +49 (0)6221 92-60 22 Fax: +49 (0)6221 92-51 89 E-mail: [email protected] Internet: www.heidelberg.com ISIN: DE0007314007 WKN: 731400 Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------